Is Lyons, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lyons has remained a Seller's Market.
Housing Prices in Lyons, IL
How much do homes in Lyons, IL cost?
Median Sold Price
$250,000
$189/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in Lyons was $250,000 in March 2024, the same as last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $105K | +31.3% |
2 Bedrooms | $223K | $173.7K | -22.1% |
3 Bedrooms | $265K | $253.5K | -4.3% |
4 Bedrooms | $267K | $297.5K | +11.4% |
5+ Bedrooms | $280K | $360K | +28.6% |
Summary: Lyons housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes decreased by 22.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 28.6%.
Median Sold Price Compared To Nearby Cities
Summit | $244.5K | $270.5K | +10.6% |
Riverside Township | $361K | $391.5K | +8.4% |
Lyons | $250K | $250K | 0.0% |
Riverside | $392.5K | $385K | -1.9% |
Housing Supply in Lyons, IL
How many homes are available in Lyons, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Summary: The Lyons real estate market had 24 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Lyons housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lyons in March 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Lyons, IL
How long does it take to sell a home in Lyons, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 37 Days | -5.6% |
Summary: Homes in Lyons had an average of 37 days on market in Mar 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Lyons; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.